Schroder Investment Management Group Has $66.97 Million Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Schroder Investment Management Group cut its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,748,999 shares of the real estate investment trust's stock after selling 28,675 shares during the period. Schroder Investment Management Group owned about 0.79% of Rexford Industrial Realty worth $66,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Paradigm Asset Management Co. LLC bought a new position in shares of Rexford Industrial Realty in the fourth quarter worth about $1,082,000. Charles Schwab Investment Management Inc. raised its position in Rexford Industrial Realty by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock worth $107,587,000 after purchasing an additional 93,360 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Rexford Industrial Realty by 63.6% during the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock worth $839,000 after buying an additional 8,431 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after buying an additional 954,202 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of Rexford Industrial Realty by 760,280.0% in the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock valued at $1,470,000 after buying an additional 38,014 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Down 3.3 %

Shares of REXR stock traded down $1.18 on Friday, hitting $34.69. The stock had a trading volume of 4,601,742 shares, compared to its average volume of 1,885,870. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a twelve month low of $33.80 and a twelve month high of $52.61. The company has a fifty day moving average price of $40.11 and a two-hundred day moving average price of $41.97. The firm has a market cap of $7.91 billion, a P/E ratio of 28.67, a PEG ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Monday, March 31st. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio is 142.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on REXR. Scotiabank cut their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price on the stock. Mizuho lowered their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Barclays dropped their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and an average target price of $46.83.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.